Replies to This Discussion

Permalink Reply by Trenna on July 24, 2008 at 9:35

I agree Joneser. The next thing we need to be doing is getting together a good lease. I am sure the O&G company is going to want us to sign something that will benefit them. All they need in this section from what i have heard is the residents to sign a lease and the drilling starts. The land behind my house is plenty for some rigs. Probably need another meeting of just us in section 24 Riverbend and the Golden Meadows. Anyone else in Riverbend or Golden Meadows in section 24 have an opinion?

Permalink Reply by PattyKake on July 25, 2008 at 8:27

I also agree with Joneser and Trenna, another meeting needs to be formed to discuss a good lease.

Permalink Reply by Trenna on July 25, 2008 at 8:48

Heres something else to think about. I know Chesapeake has spent BILLIONS on buying up these leases. These companies are big and have lots of money but the money is not sitting in a bottomless pit. There comes a point where the buying is going to quit and they will start the drilling on what has been already leased. I hate to think i would be so greedy to keep on waiting and be left out or forced pooled. Dont get me wrong I will not sign for 5500 but a decent offer comes along I will consider it. I will not define what i consider decent, although my bank account would hold a considerable amount. :P JMO

Permalink Reply by PattyKake on July 25, 2008 at 14:48

Trenna, I was thinking the same thing today "about the money running out." If these guys are going to start drilling in a couple months they should be anxious to sign.

Permalink Reply by JONESER on July 24, 2008 at 13:53

I think a meeting will be a good idea in the very near term....We might have to just take this to the email addresses of he RBHO Assoc to get the word out a little more. Thats gonna be the only way to get those lot #'s and a list of potential folks that are ready to get serious!

Hope to hear a some more opinions from the area.

Permalink Reply by Terry Allen on July 24, 2008 at 14:08

Joneser, where did you find the maps for the Active Leasing area? I'd like to pull up Section 26 Township 17N Range 12W.

Did you use Sonrislite?

Permalink Reply by Terry Allen on July 24, 2008 at 14:23

Joneser, I figured it out. Thanks.

Permalink Reply by JONESER on July 24, 2008 at 14:28

Cool, Sorry for not getting back quick enough!

Permalink Reply by SBossierGuy on July 25, 2008 at 5:41

"PTrace asked for $30,000 and 30% royalty and they received $20,000 and 25% royalty, 3 year flat lease no option. "

Where did you get this info? I attended the original meeting where the 30/30 proposal was made. However, I haven't heard of anyone in Section 23 receiving a counter offer from Petrohawk.

Permalink Reply by JONESER on July 25, 2008 at 7:04

I have emails from folks in my HOA that have relatives over in Plan T that have gotten the new notices w/ the offer for $20,000. I believe it mentioned that they were left on the door.

It was several homeowners.

SBossierGuy do you live in PT or Sect 23?

Later,

Permalink Reply by SBossierGuy on July 25, 2008 at 8:10

I live in Section 23 and neither I or my neighbors have received a counter offer. I would hope they would send a letter and not leave it on the door.

Has Petrohawk announced intentions of unitizing Section 24? I ask that because they only approached Section 23 after they had filed the paperwork to unitize the section. We received the letter that was attached at the bottom of the original post prior to any negotiations taking place.

Permalink Reply by JONESER on July 25, 2008 at 16:12

SBossierGuy...No, Sect 24 is not being unitized yet...

We are in the Active Lease Area (See map attached to my original post above) and have been offered your same deal!

Again, all my knowledge of your offers and counter offers is second hand info from friends and relatives in PT.

Good Luck!

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